Transitory or Permanent Exchange Rate Changes: An Important Distinction in Risk Management



After the breakdown of the fixed exchange rate system in the early 1970 the debate about the appropriate measurement and management of exchange rate risk has been nearly continuous. Increased turbulence in the world economy during the same period made the issue more urgent . It may seem surprising that a consensus about exchange risk management has not developed. However, disagreement about this issue can be explained by the absence of a consensus about exchange rate determination and the functioning of world financial markets.


Interdisciplinary European Studies

The European Union in a Changing World Order


This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

About the book


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

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